NBC projects 6% growth for 2023

/ January 13, 2023

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
488.3 0.08 73,587 7,406

Stock Performance

Stock Close (KHR) 1D chg (%) MTD chg (%) YTD chg (%) 1M high (KHR) 1M low (KHR) MTD vol (shr) Mkt cap (KHR'bn)
PWSA 7,760 0.78 2.65 2.65 7,760 7,460 52,369 675
GTI 3,670 0.27 -3.42 -3.42 3,800 3,600 29,306 147
PPAP 14,400 0.00 2.86 2.86 14,500 13,960 18,632 298
PPSP 2,390 0.00 0.00 0.00 2,410 2,360 96,085 172
PAS 13,700 0.00 2.85 2.85 13,760 13,060 19,615 1,175
ABC 10,860 0.00 0.37 0.37 10,860 10,680 479,731 4,704
PEPC 3,140 0.00 -0.32 -0.32 3,190 3,130 2,516 235
DBDE 2,430 0.41 1.67 1.67 2,430 2,370 35,467 45
JSL 4,820 0.00 -2.82 -2.82 4,960 4,800 8,245 124
1D = 1 Day; 1M= 1 Month; MTD = Month-To-Date; YTD = Year-To-Date; Chg = Change; Vol = Volume; shr = share; Mkt cap = Market capitalization


Valuation Ratios

  EPS BPS* P/E P/B P/S EV/EBITDA
  ttm,mrq (ttm,KHR) KHR (ttm,x) (mrq,x) (ttm,x) (ttm,x)
PPWSA 3Q22 1,242 9,852 6.25 0.79 1.95 8.43
GTI 3Q22 178 7,138 20.65 0.51 0.32 71.02
PPAP 3Q22 2,897 18,416 4.97 0.78 2.01 5.48
PPSP 3Q22 328 3,576 7.28 0.67 0.99 16.65
PAS 3Q22 1,568 5,986 8.73 2.29 3.32 14.75
ABC 3Q22 1,702 12,067 6.38 0.90 1.62 NA
PEPC** 2Q22 33 1,468 95.27 2.14 1.09 25.95
DBDE 3Q22 -123 1,426 NA 1.70 0.73 2.63
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *Excluding equity of non-common shares for PPWSA, PPAP and PAS; **FY ending in June

News Highlights

Stock Market

CSX index post weekly gain of 0.23% On Jan 13, 2023, the CSX index rose for the third day straight, up 0.08% to 488.3pts, posting a weekly gain of 0.23%. PPWSA shares saw the biggest daily gain of 1.0%, ending the week at KHR7,760. This was followed by PPAP shares which gained 0.8% from last Friday to close at KHR14,400. ACLEDA shares edged up 0.2% to KHR10,860. GTI and PEPC shares posted a weekly loss of 0.3%, while PPSP and PAS shares closed the week unchanged. On the growth board, DBDE shares rose 1.3% from last Friday to KHR2,430, while JSL shares gained 0.4% to end at KHR4,820. (Source: YSC Research)

Economy and Industry

NBC projects 6% growth for 2023 The National Bank of Cambodia has forecasted that Cambodia's GDP is expected to grow around 6% in 2023, according to its latest report. The growth would be supported by garment and non-garment manufacturing products that are estimated to grow by 6.9% and 14.3%, respectively, according The Macroeconomic and Banking Sector Development in 2022 and Outlook for 2023. The agriculture sector is forecasted to rise by 1.1%, while the tourism sector is estimated to grow by 18.5% thanks to the increase in local and international tourist arrivals. The construction and real estate sectors are expected to continue experiencing slower growth at 1.7% and 1.2%, respectively. The report further says that the prolongation of the Russia-Ukraine war remains the reason behind the highly uncertain inflation in 2023. However, in the scenario of the slowdown in the global economy and declining food prices, inflation in Cambodia is projected to decelerate to 2.5% after it peaked at 7.8% by the end of the first half of 2022 and has gradually declined in the second half as fuel and food prices subdued. (Source: Khmer Times)

Corporate News

NIPPON KOEI to conduct study railway systems in Cambodia Japanese firm NIPPON KOEI has been asked by Cambodia's Ministry of Public Works and Transport to conduct study on railway systems in Phnom Penh, according to a release by MPWT. The company presented the project the improvement of passenger transportation systems in some provinces in the north Cambodia to MPWT officials. Secretary of State of MPWT Touch Chankosa said NIPPON KOEI should consider conducting a study on the feasibility of the construction of railway systems in Phnom Penh and especially the tramway. NIPPON KOEI has received support from the Japan Transport Cooperative Association (JTCA)--the only international cooperation institution in Japan that focuses on transportation infrastructure development. (Source: Khmer Times)

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